Superannuation contributions not a prior period expense under Income Tax Act sections 36(1)(iv) and 43B; deductions on payment only.

Superannuation contributions not a prior period expense under Income Tax Act sections 36(1)(iv) and 43B; deductions on payment only. https://www.taxtmi.com/highlights?id=33559 Prior period expenditure - Contribution to superannuation fund - the contribution cannot be considered as prior period expenses in view of the specific provision of section 36(1)(iv) r.w.s. 43B and deduction on the basis of payment is permissible in law - AT en-us Sat, 04 Mar 2017 13:49:45 +0530 Sat, 04 Mar 2017 13:49:45 +0530 TaxTMI RSS Generator Superannuation contributions not a prior period expense under Income Tax Act sections 36(1)(iv) and 43B; deductions on payment only. https://www.taxtmi.com/highlights?id=33559 Prior period expenditure - Contribution to superannuation fund - the contribution cannot be considered as prior period expenses in view of the specific provision of section 36(1)(iv) r.w.s. 43B and deduction on the basis of payment is permissible in law - AT Highlights Income Tax Sat, 04 Mar 2017 13:49:45 +0530 https://www.taxtmi.com/highlights?id=33559